$986.61 Million in Sales Expected for Urban Outfitters, Inc. (NASDAQ:URBN) This Quarter

Equities research analysts expect Urban Outfitters, Inc. (NASDAQ:URBN) to report $986.61 million in sales for the current quarter, Zacks reports. Eleven analysts have issued estimates for Urban Outfitters’ earnings, with the lowest sales estimate coming in at $976.27 million and the highest estimate coming in at $1.02 billion. Urban Outfitters reported sales of $992.45 million in the same quarter last year, which indicates a negative year-over-year growth rate of 0.6%. The company is scheduled to report its next quarterly earnings results after the market closes on Tuesday, August 20th.

On average, analysts expect that Urban Outfitters will report full-year sales of $4.02 billion for the current fiscal year, with estimates ranging from $3.95 billion to $4.07 billion. For the next fiscal year, analysts expect that the company will post sales of $4.17 billion, with estimates ranging from $4.05 billion to $4.24 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Urban Outfitters.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, May 21st. The apparel retailer reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.05. Urban Outfitters had a return on equity of 20.07% and a net margin of 7.31%. The firm had revenue of $864.41 million during the quarter, compared to the consensus estimate of $857.31 million. During the same period last year, the business posted $0.38 EPS.

Several equities analysts recently weighed in on URBN shares. ValuEngine downgraded Urban Outfitters from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 24th. B. Riley dropped their price target on Urban Outfitters from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. Telsey Advisory Group reissued a “market perform” rating and set a $29.00 price target (down previously from $33.00) on shares of Urban Outfitters in a research report on Wednesday, May 22nd. Wells Fargo & Co dropped their price target on Urban Outfitters from $30.00 to $28.00 and set a “market perform” rating for the company in a research report on Wednesday, May 22nd. Finally, Wedbush set a $26.00 price target on Urban Outfitters and gave the stock a “hold” rating in a research report on Friday, May 17th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $36.54.

NASDAQ URBN traded down $1.62 during mid-day trading on Wednesday, hitting $20.25. The stock had a trading volume of 3,690,100 shares, compared to its average volume of 2,778,616. Urban Outfitters has a 52-week low of $20.17 and a 52-week high of $52.50. The firm has a market cap of $2.07 billion, a P/E ratio of 7.36, a price-to-earnings-growth ratio of 0.78 and a beta of 0.76. The stock has a 50 day moving average price of $22.74. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 0.75.

A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in Urban Outfitters by 8.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,083,951 shares of the apparel retailer’s stock valued at $102,389,000 after acquiring an additional 227,342 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Urban Outfitters by 6.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 19,373 shares of the apparel retailer’s stock valued at $643,000 after buying an additional 1,136 shares in the last quarter. Legal & General Group Plc increased its position in shares of Urban Outfitters by 0.8% in the fourth quarter. Legal & General Group Plc now owns 115,233 shares of the apparel retailer’s stock valued at $3,825,000 after buying an additional 951 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Urban Outfitters by 31.3% in the fourth quarter. Macquarie Group Ltd. now owns 67,129 shares of the apparel retailer’s stock valued at $2,229,000 after buying an additional 16,000 shares in the last quarter. Finally, Amalgamated Bank increased its position in shares of Urban Outfitters by 58.2% in the fourth quarter. Amalgamated Bank now owns 17,341 shares of the apparel retailer’s stock valued at $576,000 after buying an additional 6,382 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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Earnings History and Estimates for Urban Outfitters (NASDAQ:URBN)

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